Market Roundup

The Chinese and US presidents have not yet spoken, and the Hong Kong stock market opened slightly lower by 33 points, starting at 20,858 points. The Hang Seng Index rose 242 points or 1.2% throughout the day, closing at 21,133 points; the China Enterprises Index rose 94 points or 1.2%, closing at 7,784 points; the Hang Seng Tech Index rose 91 points or 1.8%, closing at 5,150 points. The total market turnover for the day was 246.4 billion HKD. Chinese tech stocks continued to perform well, driven by the DeepSeek concept, with Lenovo (992) up 6.2% and Tencent (700) up 1.8%. Additionally, BYD (1211) announced new intelligent driving technology, leading to a 4.5% increase in its stock price.

Source: KGI Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.